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Page thumbnail for Delaware Gazette And American Watchman
Foreign News September 28, 1832

Delaware Gazette And American Watchman

Wilmington, New Castle County, Delaware

What is this article about?

Liverpool, England, faces economic depression from unprofitable trade, high taxation, and low wages, leading to 900 vacant houses in one district despite rapid population growth.

Clipping

OCR Quality

98% Excellent

Full Text

A Town To Be LET.—Liverpool has grown up with a rapidity entirely unexampled in England, or in Europe indeed, and the chief cause of its prosperity has been its being the port where most of the English trade with this country is carried on. But it is sharing now in the general depression of all business in that Kingdom, and the house-holding interest especially suffers. It is said in the Liverpool Journal, that in one district alone, namely, the south-eastern environs of the city, there are no fewer than nine hundred houses to be let, whole streets of new erections being in some places entirely untenanted; a proof of how much faster building has been carried on by the capital of the few, than the means of the many have increased. Of population itself there is no lack, but the unprofitableness of trade, the absorbing powers of taxation, and the low rates of wages in general, prevent many thousands of persons from emerging from crowded lodgings and gloomy cellars, and becoming house holders.

What sub-type of article is it?

Economic Trade Or Commerce

What keywords are associated?

Liverpool Economy Trade Depression Housing Vacancy England Business Low Wages

Where did it happen?

Liverpool, England

Foreign News Details

Primary Location

Liverpool, England

Outcome

nine hundred houses to be let in the south-eastern district; whole streets untenanted due to economic factors preventing householders from affording new homes.

Event Details

Liverpool's rapid growth, driven by trade with this country, has stalled amid general business depression in England. The housing market suffers, with 900 empty houses in one district from overbuilding relative to population's financial means, exacerbated by unprofitable trade, taxation, and low wages keeping people in crowded lodgings.

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